Barclays sails out of choppy waters

Van de Merwe
Van de Merwe

Barclays Bank Botswana has turned the corner to register profit growth for the first time in three reporting periods on the back of a robust increase in non-interest income.

In an environment characterised by tight liquidity, squeezed interest margins and a freeze on bank charges, Barclays Bank recorded a 16 percent rise in profit after tax to P335.9 million for the full year ended December 2014.

The 16 growths represent a weighty recovery from the 34 percent and 18 percent profit plunge suffered in 2013 and 2012 respectively.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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